Welcome to Fiscal-Year.com
Business Accounting for Beginners
This website is intended for visitors with little or no accounting knowledge and it is meant solely as an introduction to the world of business accounting.
The creator of the site is not an accountant by trade, but a financial professional who has seen many customers struggle with the basic concepts of small business accounting, and decided to make this resource available at no cost.
It is the opinion of the webmaster, that nothing can replace the advice given by a professional accountant when it comes to particular issues in your business. Therefore, it is highly recommended that all small business owners retain the counsel of an accountant. Nevertheless, it is also understood that this advice might be out reach for some small business owners due to cost.
The site covers the major components of financial statements, provides definitions to many accounting terms and a series of articles related to small business issues.
I hope that your visit here is enjoyable and productive.
Sincerely,
Webmaster
Latest Updates
Self-Employment Taxes for the entrepeneur
Self-Employment tax is a combination of both the social security and the Medicare taxes. While an employee gets those taxes deducted ..... Full Post
|
Accrual Basis Accounting
The accrual method of accounting is the more sophisticated older brother of the cash method. It is driven by the ..... Full Post
|
Determining Cost Of Goods Sold
Figuring your cost of goods sold is not very difficult at its simplest, the equation can be described as ..... Full Post
|
The telltale signs of business failure
While it might be difficult to accept, the main reason for business failures is due to the inexperience and lack of skill of the managers..... Full Post
|
Cash Basis Accounting
If your business does not have inventory, I is much easier to keep the books on a cash basis. Under the cash method, the gross income of the business must include . ..... Full Post
|
Accounting Concepts-Double Taxation
One of the most important issues when it comes to starting a business is the type of legal structure that you choose for your company. ..... Full Post
|
Accounting Concepts-Inventory
A small business success is highly dependent on the way it manages its inventory. Only the speed at which the business manages its account ..... Full Post
|
Business Asset Sale - Determining Gains and Losses
During the course of business, assets are acquired and disposed. The following is a summary of what constitutes a property ..... Full Post
|
Accounting Concepts-Employee or Contractor?
Hiring employees increases the amount of administrative work required and instantaneously doubles the paperwork required to run your business. ..... Full Post
|
Accounting Concepts-Finding a good accountant
While this website gives you a brief introduction to the world of business accounting, and there are many books and resources in the subject ..... Full Post
|
